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12/11/2013 8:30AM

Deal Brings Stability to U.S. Budget

Key congressional budget negotiators on Tuesday said they reached a budget agreement, a new WSJ/NBC News poll reveals the federal health-care law is becoming a heavier burden for the president, plus a look at the markets. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... this agreement ... make shore ... that we don't have a government shutdown scenario in genial ... in a shore that we don't have another government shutdown scenario ... in October ... they make sure that we don't lurch from crisis to crisis ... it also allows Congress to finally exercise the power the purchase ... we've made some compromises and we've worked together to get something to ... now the steel dozens of every issue and for the Congress ... we made a conscious decision as Chairman Ryan said and in the future of weeks we've had ... to focus on where we can agree ... that's our Ryan and moderate ... Republicans and Democrats have a budget deal if all goes well I could avoid a government shutdown for quite a while will have back and mall right here right now on the New Saab good morning and welcome I'm Simon Constable ... with smallness deal that will Street dolls ... Washington bureau chief Jerry Sithe of that is in Washington ... Jerry thanks from a map ... sure ... DC ... so that this is this the good news is that we have that we have a budget deal what does the CA boss ... well covers the next two years and basically it gets Washington's through not just the the January of potential shutdown phase ... which is coming up a role all the way through the twenty fourteen election ... excuse me ... he basically funds the government done enough for twenty fourteen I a voice to the election and guarantees that there won't be any shutdown scenarios between now and then to represent your classic Washington compromise you know ... you've got spitting going up above the sequester levels the Republicans love but not as much as Democrats wanted spending is up about sixty three billion dollars over the next two years over what it would have ... opted in the long run the devices cleaning at least that is going to save eighty five billion dollars ... US to reduce the deficit slightly over that period of time it's been a ... good ... thing those revenues and by extending Medicare cuts to doctors who will be very happy about this ... amateur The Federal police more for their own pensions and so ... I think some of the key word for this agreement that everybody seems to be using which exact enough is modest bull markets that does seem to be that what that now ... that the awesome things aren't included one of the things that a lot of people that wanted was an extension in unemployment benefits to the lump sum unemployed ... that's not happening is that ... no Democrats really wanted that I think they realize they just didn't have the list to get in this agreement so what they're gonna probably do is try to take that separately to the floor the house before the Senate get something done there ... aam at least for the next few months to go into the new year so that people don't have their unemployment benefits and did a year and ... this is a state that people been out of work for a long time who run all the way through the calendar of unemployment benefits the federal government that provides which has been extended a couple of times already ... Republicans view is look this is not intended to be a long term welfare program ... I've people then getting an implant dentistry benefits for that long ... um there should be some other way to help them not by extending unemployment ... benefits essentially into perpetuity ... Democrats argued looked a lot of long term unemployed people out there in this recession that hasn't been dented will see how that turns out I can and and and Jerry very very quickly that no Grandpa again on social security ... as the sun so cool to entitlement reform ... um what's the significance of a killer John Thain of falling and ... falling into line with this ... well the is significant because I think he was to get past this allow Republicans to keep focusing on ... either unhappiness in the nation's unhappiness with Obamacare frankly the two big things that are in years to suggest there are in even time reforms ... there no new taxes in here there some fees on things like airline passengers ... but no new taxes so the big two roadblocks to having a grand agreement ... out forty giddy when taxes and revenues to what he didn't do about changing the entitlement programs ... those are just left on the side that's why this word I used only a modest applies here ... okay let's then again taught us to thank you Brian much ... Jerry Sithe of The Wall Street John all ... on Jerry mentioned of bomb I can be a health care law on son of a castle t all that wool is present Obama is Columbus will Street dolls Neil King joins us now with the skinny on this from Washington ... pot meal ... Narrabeen among large numbers of bungalows with the rollout all this Lola and present a bomb is paying the price ... Lilly has approval to its highest level in over fifty four percent ... the more disturbing loan rates for the presidency going into next year is ... to live ... your truth is related to the flow ... on in terms of approval his first term trust through the new ... land deal in the general presumption that leadership is taking a real hit this year particularly in the last few months ... all of those characteristics and ... this is one of those holes where does the president's ... approval ratings ... sometimes a little bit of mystery in this case ... absolutely no Ministry of all the news about sixty percent of the people when you when we ask what's the main thing that got your perceptions of the president this year this health care ... really this is the back of the graphics on the swing now disapprove ... upfront about it all phablets fifty four percent was the Affordable Care Act they ... can either about I did fifty percent of Baghdad's and so what's the of the most important thing cash at the New View ... surprisingly it's not the economy that's only a quarter of people it's up fifty eight percent of health care law ... then when the minutes when the crystal clear and bright crystal clear ... that people don't like the way this was a role that's ... no this is true ... so far ... you your family in terms of their own coverage ... there is color with people understandably isn't ... the case ... large numbers ... any impact ... on health care system overall there's a lot of concern ... what might be one of my need for the economy ... global trade ... is good ... and people expressed the ... economy not only knowledge of going into next year ... of their own finances and what ... I ... eighty percent of people were even leave are satisfied with their own health care coverage ... by the same time ... Obama is O'Hanlon for instance ... economy his disapproval on ... to ... the now ended and the story and to today's ... Wall Street John is the seventh of December that ... one say of the common will improve will stay the same next year ... what is interesting as we normally expect people I think an unusual to the polls will close the night due to ... go vote that pocketbook you know what affects them but apparently when when this poll by now that that that thinking more broadly than just a no ball cap on going to do better but this this would be don't do well ... no surprise about how things are going in Washington need ... to deal with your partner ... might miss on small differences ... we all know the people ... is this one of the past are one of the worst Congress's you've ever seen ... over half the one of the word ... on one ... hundred sixty five dollars instead of losing a lot of ... words that ... almost seventy percent of the people said that he wanted the responses ever ... so there's all the lives of despair ... things are going in Washington ... they think the economy happening in their own area is due to from ... and ... now mail you've seen a lot of these things to say hello cycles and washing Santa and is it possible that whole probable that the president and Dick himself out of this fall ... our journey ... this is the kind of setback in last few weeks or months the presidents don't recover from ... the interesting thing you don't know how to proceed to protect the health care ... things could begin to look alot better fairly quickly perceptions that changes the result of that ... the moment ... with his son ... amazingly simple art rock ... Bush was at this moment in his second term ... and Bush's approval ratings continue to show you never really recover on Twitter ... Hong Kong ThinkFactory Seattle probably ... a good deal of the first quarter next year ... attack ... will I know of folks knew before was that for a night yet thank you Brian much Neal king of the Wolf NFL ... for it back in thirty seconds ... Tce ... use up at the beest live ... Pope Francis has been selected by time magazine as the crescent of the of the pie was selected by the magazine's editor ... of the bus name of the greatest impact even good or bad injuring twenty thirteen apprentice with recognize um I mean a change of its own ... perception and focus of the Wolf lot one of the world's largest into institutions in an extremely wide ... NSA leaker and with Snowden finish second behind the puppet ... a quick look of mock it's now and to help us with Polya Lesova all MarketWatch of polio features some little changed yet I'm ... not mine so I can still find a market Dow futures up above fourteen points and miles and ... I it seems like investors are thinking you've studied this budget year that was based in Washington yesterday ... and that it does seem today's deal is that it is one where the Stanford dependability sent to start scaling back its bond buying program ... and as we know we have the Fed meeting next week ... I think that remains the main event ideas month amount of costs will be covering map some ... very closely to have a job on the lead at three stocks the first one is maths the cops the ALM that that the payments of payments from yet it's a sitting very well in my feet up about four percent after maths to current ... announced a stock of stocks that I share buyback program ... and a ... happy a two percent dividend increase so all actions ... either defendant for shareholder them and it's like the students come a ... Costco ... which everybody every way mess with that ball everything is exactly not so good news from Costco this morning cleaning sells only about two percent ... I you know me a that was below expectations having also disappointed ... on and this is in no way you might get made ... fun of the total global what they did ... yet in fat of mining equipment Mehren duties suffering from weak demand for commodities wildlife ... the findings helped about ninety percent so significant that I'm that ... kid and the new was also down and its shares to know when you might get a ... look at lots of great stuff on Mordialloc stillness of at ten thirty on MoneyBeat playwright much Polya ... Lesova Hwy back in thirty seconds ... Tce ... what about the New Saab ... with winter wearing it's snowing had held in expected this year many are thinking about what a vacation in the coming months I ... don't wanna be stuck in a crowded ski resort Spending Wall ... linebacker the other slumps we promise to find unexpected winter destinations and hit explain his good name for Tori she's a CD at a temple Orbitz the ... travel company thank you for being here ... it's a it's frigid outside there is absolutely aam ... dazzling rerouted would tell you you'll find the selections plus one bottle of local moms ... yet for folks in the Northeast you may be looking for a smaller is or without the crowds love of neighbor is killing since everyone knew that talks about killing to meet these guys don't get quite as much play ... the ski resort years though penile Mountain Resort them smaller family renters are bad it's great for families they have a steel coaster telling her roller coaster ... after ski resorts a winter playground and that property a lot here's the castle here is a Castle Hill Resort and spa gym and pay some bills and might see on our which isn't cheap but now they are getting close to Christmas though right that's what we're saying right now in December once in a January February tend to see a great start to drop a lot of bands coming easier ... if you don't ... mind if enough to set aside ... crested Butte Colorado ... I love the away from some of that bigger resorts ALXN Breckenridge involvement in this this and I love that part of southwestern Colorado and then as the national forest that ... was actually established in eighteen eighty eight the mining supply him ... aam and now they have one of the largest historic district and in Colorado in a downtown Sally GM the scheme and the jet in beautiful downtown ... and a property here the wheel of Ancelotti at Mt Mountain your squares member of Preferred Hotel Group just a hundred twenty two dollars a night and a mid December to bend Oregon ... and organic you're looking for something out west this is the I think I mean as he town ... and outdoor a Mac app for the last several years and now here is Grace called Mount Bachelor ... no Lines whatsoever to a local mountain ... on and the property that we live here is the first thought every action if there really hadn't ... have traditional range the property also a member of Preferred Hotel Group Desa hundred and seventy nine dollars a night this time of the day and ... the Stooges great avoid making a Costco to Canada when they do cold weather really well but they didn't call that a they embrace it there I was attempt and will bow Valley hell but yet this is really at the foot of the Rockies and this was the at home to the Nordic skiing during the nineteen eighty when Terlep Excel you've got a great cross country skiing here ... aam relief in a while the skiing and Western Canada ... and in the early like at the solemn our resort here at around a hundred and seventy nine dollars and I never instruments for fines won't ... fertilize supplements once I decide when and if you wanna read of some snowmen legacy goodie YouTube YouTube of wooden multitudes of this on the play with the ... eighty four bucks a night for hotel does not see the bracelet ... last week as an MP was from or months on that ... that what what what's great about you top this time in the air is maybe for not into skiing and some of the great national parks like siao National Park Bryce Canyon ... aisle in great hiking here there's no crowds that you can see some the beautiful rock formations with the smell on him it's completely different this time of year ... what you experience during the summer ... when options phablet people think you're a much to be much ... choice in how to handle beats ... and that's it that's new supper now coveted ten thirty on MoneyBeat ...